14 Jan
Member News

Thompson Hine | 2025 Brings New Pay Transparency Requirements to Five States

Beginning January 1, 2025, Illinois, Minnesota, New Jersey, Vermont and Massachusetts joined the growing list of states and municipalities across the country that have enacted pay transparency legislation imposing compensation disclosure obligations on employers. These new laws, which take effect at various points in 2025, will require employers in these jurisdictions to update their job postings and internal procedures to comply with each state’s pay transparency requirements. Following are the key requirements of each new law.   ILLINOIS Illinois’ pay transparency law, which...

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13 Jan
Member News

IPTI | Property Tax in the News – January 2025

USA California: Wildfires - how homeowners can receive financial help Property owners whose homes or buildings were damaged or destroyed by the extreme windstorms and wildfires may qualify for temporary tax relief, L.A. County officials announced. Under the Misfortune and Calamity Property Tax Relief program, property owners can receive temporary tax relief with adjustments made to reflect the reduced value of the property until repairs or rebuilding are completed, according to the County Assessor's Office. The damage must exceed $10,000 in the current...

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13 Jan
Chapter News, New York Related News

NY Fed | Inflation Expectations Mixed; Job Turnover Expectations Decline

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2024 Survey of Consumer Expectations, which shows that inflation expectations were unchanged at the short-term horizon, increased at the medium-term horizon, and decreased at the longer-term horizon. The average perceived likelihoods of a job loss, voluntary job separation, and finding a job in the event of a job loss all declined. While year-ahead household income growth expectations declined slightly and are now comparable to...

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13 Jan
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – A strike averted, alliances reshuffle, increased air cargo usage, how cybersecurity needs to evolve, and a final look back at 2024.

In the best news so far of 2025, a tentative agreement on a new six-year master contract has been reached by the ILA and USMX. The two parties decided to keep working under the current agreement until the union could set up a ratification vote. A joint statement said, “With the modernization of East and Gulf coast ports, this agreement creates the capacity they need to maintain our supply chains and protects existing ILA jobs while establishing a framework for implementing technologies that...

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10 Jan
Member News

Ogletree Deakins | Beltway Buzz: Key Developments from Washington, D.C.

Welcome to the 119th Congress. Even before President-elect Donald Trump is sworn in on January 20, 2025, change has come to Washington, D.C., as the 119th Congress gaveled in late last week. Here is what the Buzz is watching as the new Congress kicks off: A Trifecta? Yes, but … Republicans control the White House, as well as the U.S. Senate and U.S. House of Representatives, but that doesn’t mean that getting legislation to President-elect Trump’s desk is going to be easy. In...

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10 Jan
Chapter News

ECB | Public vs. private R&D: impacts on productivity

Blog post by Arnaud Dyèvre | Investments in R&D typically foster productivity growth. But the funding source matters. The ECB Blog shows that publicly funded R&D complements private investments and has greater effects on productivity growth because of its larger spillovers. Arguably, the track record of government-funded innovation is mixed. On the one hand, governments have funded some technological endeavours that later turned out to be unsuccessful and costly. On the other hand, the history of technology is also filled...

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10 Jan
Member News

Vulcan View: The latest EU developments 6 January – 10 January

Eurozone confronts renewed inflationary pressures, challenging ECB’s strategy The eurozone is facing renewed inflationary pressures as 2025 begins, with consumer prices climbing to 2.4% in December – the highest rate since July.  This increase marks the third consecutive month of accelerating inflation, exceeding the European Central Bank’s (ECB) 2% target, and adds pressure on the ECB to stabilise prices while supporting the region’s faltering economy. December’s inflation increase, up from 2.2% in November, reflects a combination of surging energy costs and persistent price increases...

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09 Jan
Chapter News, Trade & TTIP Related

DoC | International Trade Administration Highlights 2024 Achievements to Strengthen U.S. Competitiveness and Economic Security

WASHINGTON, D.C. - The U.S. Department of Commerce’s International Trade Administration (ITA) is proud to announce its 2024 achievements, highlighting key efforts to enhance the competitiveness of U.S. businesses and workers, strengthen supply chains, and drive innovation in international trade. “2024 was yet another impressive year for U.S. competitiveness across international markets,” said Under Secretary for International Trade Marisa Lago. “From strengthening supply chains to sustaining U.S. leadership in technology and innovation, ITA continues to enhance U.S. economic security and promote...

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09 Jan
Chapter News

ECB | Energy shocks, corporate investment and potential implications for future EU competitiveness

Prepared by Pablo Anaya Longaric, Alessandro De Sanctis, Charlotte Grynberg, Vasileios Kostakis and Francesca Vinci Published as part of the ECB Economic Bulletin, Issue 8/2024.   1 Introduction The surge in energy prices following the unjustified Russian invasion of Ukraine exposed the EU to the largest energy shock since the 1970s. As a key input in virtually any production process, the sharp rise in energy prices not only contributed to a surge in inflation and a loss of purchasing power for households but also to...

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09 Jan
Member News, Trade & TTIP Related

Jaguar Freight | Important Update: Tentative Agreement Made To Avert January 15 Port Strike

Tentative Agreement on New Six-Year Master Contract Reached by ILA and USMX In an announcement last evening, the United States Maritime Alliance (USMX) and the International Longshoremen's Association (ILA) said they have tentatively agreed on all terms of a new six-year Master Agreement. In order for USMX members to confirm the conditions of the final contract, the two parties decided to keep working under the current agreement until the union could convene its whole Wage Scale Committee and set up a...

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